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Targa Resources Corp
(NYSE: TRGP)
AdChoices
125.62
-2.88
-2.24%
After Hours :
127.26
+1.64
+1.31%

Open

128.06

Previous Close

128.50

Volume (Avg)

404.22k (345.88k)

Day's Range

125.48-129.79

52Wk Range

74.50-160.97

Market Cap.

5.42B

Dividend Rate (Yield )

2.76 (1.96%)

Beta

1.14

Shares Outstanding

42.16M

P/E Ratio (EPS)

65.36 (1.96)

AdChoices
Fundamentals
  • Key statistics
  • Growth
  • Profitability
  • Financial health
  • Price ratios
  • Trading statistics
Industry Oil & Gas Midstream
Highlights
Analyst Recommendation: Outperform
    • Revenue

    • 6.56B

    • Net Income

    • 65.10M

    • Market Cap.

    • 5.42B

    • Enterprise Value

    • -

    • Net Profit Margin %

    • 1.02

    • PEG (Price/Earnings Growth) Ratio

    • 1.85

    • Beta

    • 1.14

    • Forward P/E

    • 37.88

    • Price/Sales

    • 0.67

    • Price/Book Value

    • 35.71

    • Price/Cash flow

    • 8.66

      • EBITDA

      • 640.10M

      • Return on Capital %

      • 1.41

      • Return on Equity %

      • 60.90

      • Return on Assets %

      • 1.41

      • Book Value/Share

      • 3.60

      • Shares Outstanding

      • 42.16M

      • Last Split Factor (Date)

      • -

      • Last Dividend (Ex-Date)

      • 0.69 (7/24/2014)

      • Dividend Declaration Date

      • 7/15/2014

      Analyst Recommendation
      10/21/2014
      Outperform
        • 1 Year Price Target

        • 109.67

        • Credit Rating

        • -

        • Analysts

        • 3

        • EPS Estimate

        • 3.39

        • Cashflow Estimate

        • 7.93

        Morningstar Consensus estimate data
        • Growth Rate (%)

        • Company

        • Industry

          • Sales (Revenue)

            Q/Q (last year)

          • 43.00

          • 14.40

          • Net Income

            YTD/YTD (last year)

          • 70.90

          • 10.05

          • Net Income

            Q/Q (last year)

          • 76.00

          • -3.06

          • Sales (Revenue)

            5-Year Annual Average

          • -3.90

          • 8.89

          • Net Income

            5-Year Annual Average

          • 11.80

          • 17.81

          • Dividends

            5-Year Annual Average

          • -

          • 14.04

          • Profit Margins (%)

          • Company

          • Industry

            • Gross Margin

            • 17.41

            • 18.05

            • Pre-Tax Margin

            • 5.22

            • 6.98

            • Net Profit Margin

            • 1.02

            • 4.65

            • Average Gross Margin

              5-Year Annual Average

            • 15.90

            • 21.24

            • Average Pre-Tax Margin

              5-Year Annual Average

            • 2.90

            • 8.29

            • Average Net Profit Margin

              5-Year Annual Average

            • -0.20

            • 68.13B

            • Financial Ratios

            • Company

            • Industry

              • Debt/Equity Ratio

              • 20.08

              • 1.63

              • Current Ratio

              • 1.15

              • 0.81

              • Quick Ratio

              • 0.93

              • 0.59

              • Interest Coverage

              • -

              • 3.31

              • Leverage Ratio

              • 41.69

              • 3.81

              • Book Value/Share

              • 3.60

              • 14.77

              • Price Ratios

              • Company

              • Industry

                • Current P/E Ratio

                • 65.36

                • 44.05

                • P/E Ratio 5-Year High

                • 81.94

                • 1,147.87

                • P/E Ratio 5-Year Low

                • 11.96

                • 253.05

                • Price/Sales Ratio

                • 0.67

                • 1.41

                • Price/Book Value

                • 35.71

                • 3.03

                • Price/Cash Flow Ratio

                • 8.66

                • 12.42

                • Key Metrics

                • Company

                • Industry

                  • Return on Equity %

                    (5-Year Average)

                  • 60.90

                    (-11.70)

                  • 11.19

                    (10.75)

                  • Return on Assets %

                    (5-Year Average)

                  • 1.41

                    (-0.50)

                  • 2.95

                    (3.25)

                  • Return on Capital %

                    (5-Year Average)

                  • 2.74

                    (3.20)

                  • 4.13

                    (4.26)

                  • Income/Employee

                  • 64.84k

                  • 119.28k

                  • Inventory Turnover

                  • 46.32

                  • 26.54

                  • Asset Turnover

                  • 1.39

                  • 0.63

                  Current Historical
                  Financials
                  • Income Statement
                  • Balance Sheet
                  • Cash Flow
                  Operating Income
                  368.20M
                  Operating Margin
                  5.62
                  Total Equity
                  -
                  Retained Earnings
                  -
                  Free Cashflow
                  -
                  Price/Cashflow
                  8.66
                  Ownership

                  Institutional Ownership

                  97.13%

                  Top 10 Institutions

                  54.59%

                  Mutual Fund Ownership

                  40.59%

                  Float

                  78.95%

                  5% / Insider Ownership

                  2.64%

                  Corporate insiders or major stockholders reporting trading activity in the stock.

                  Top Mutual Fund Owners

                  Top Institutional Owners

                  Mutual Fund Name

                  Institution Name

                  • Mutual Fund Name

                  • Shares Held

                  • % Change

                  • % Outstanding

                  • Baron Growth Fund

                  •  

                    1,200,000

                  • 0.00

                  • 2.85

                  • Prudential Jennison Utility

                  •  

                    1,068,968

                  • -22.77

                  • 2.54

                  • Prudential Jennison Equity Income

                  •  

                    964,471

                  • -21.16

                  • 2.29

                  • Baron Small Cap Fund

                  •  

                    750,000

                  • 0.00

                  • 1.78

                  • MainStay Cushing® MLP Premier Fund

                  •  

                    663,100

                  • 0.00

                  • 1.57

                  • Vanguard Small Cap Index

                  •  

                    659,082

                  • -0.74

                  • 1.56

                  • Goldman Sachs MLP Energy Infras Fd

                  •  

                    655,074

                  • 10.30

                  • 1.55

                  • Vanguard Total Stock Mkt Idx

                  •  

                    619,622

                  • 0.15

                  • 1.47

                  • Salient MLP & Energy Infrastructure II

                  •  

                    601,578

                  • 19.61

                  • 1.43

                  • Fidelity® Advisor Small Cap Opps Fund

                  •  

                    468,890

                  • -1.51

                  • 1.11

                  • Institution Name

                  • Shares Held

                  • % Change

                  • % Outstanding

                  • Jennison Associates LLC

                  •  

                    3,792,362

                  • -9.03%

                  • 9.00

                  • Vanguard Group, Inc.

                  •  

                    2,388,667

                  • +7.89%

                  • 5.67

                  • BAMCO Inc

                  •  

                    2,352,557

                  • -0.55%

                  • 5.58

                  • Salient Capital Advisors, LLC

                  •  

                    2,267,569

                  • +1.32%

                  • 5.38

                  • Fidelity Management and Research Company

                  •  

                    2,179,800

                  • +44.82%

                  • 5.17

                  • Goldman Sachs Asset Management, L.P.

                  •  

                    1,640,515

                  • +40.20%

                  • 3.89

                  • Chickasaw Capital Management, LLC

                  •  

                    1,192,072

                  • +6.86%

                  • 2.83

                  • Swank Energy Income Advisors, LP

                  •  

                    1,057,111

                  • -3.99%

                  • 2.51

                  Company Profile

                  Sector

                  Energy

                  Industry

                  Oil & Gas Midstream

                  Type

                  Hard Assets

                  Style

                  Mid Growth

                  Targa Resources Corp., is a Delaware corporation formed on October 27, 2005. The Company owns general and limited partner interests, including IDRs, in Targa Resources Partners LP, a Delaware limited partnership. It formed the Partne...morership in October 2006 to own, operate, acquire and develop a portfolio of complementary midstream energy assets. The Partnership is a provider of midstream natural gas, NGL, terminaling and crude oil gathering services in the United States. It is engaged in the business of: gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling NGLs and NGL products; gathering, storage and terminaling crude oil, and storing, terminaling and selling refined petroleum products.The Partnership operates in two primary ...moredivisions: Natural Gas Gathering and Processing, consisting of two segments; Field Gathering and Processing and Coastal Gathering and Processing; and NGL Logistics and Marketing consisting of two segments: Logistics Assets and Marketing and Distribution. The Natural Gas Gathering and Processing division consists of gathering, compressing, dehydrating, treating, conditioning, processing, transporting and marketing natural gas. Assets are used in the gathering of natural gas produced from oil and gas wells and processing this gathered raw natural gas into merchantable natural gas by removing impurities and extracting a stream of combined NGLs or mixed NGLs. The Field Gathering and Processing segment assets are located in North Texas and in the Permian Basin of Texas and New Mexico. Its operations consist of the Permian Business, the Versado System, SAOU and the North Texas System. The Coastal Gathering and Processing segment assets are located in the onshore and near offshore regions of the Louisiana Gulf Coast accessing onshore and offshore gas supplies. The NGL Logistics and Marketing division is also referred to as the Downstream Business. It includes the activities necessary to fractionate mixed NGLs into finished NGL products—ethane, propane, normal butane, isobutane and natural gasoline—and provides certain value added services, such as the storage, terminalling, transportation, distribution and marketing of NGLs. The Marketing and Distribution segment includes marketing and purchasing NGLs in selected United States markets; marketing and supplying NGLs for refinery customers; and transporting, storing and selling propane and providing related propane logistics services to multi-state retailers, independent retailers and other end users. The Partnership’s major competitors include Atlas Gas Pipeline Company, Copano Energy, L.L.C., WTG Gas Processing L.P., DCP Midstream Partners LP, Devon Energy Corp, Enbridge Inc., GulfSouth Pipeline Company, LP, Hanlan Gas Processing, Ltd., J W Operating Company, Louisiana Intrastate Gas and other interstate pipeline companies.lessless

                  Key People

                  Joe Bob Perkins

                  CEO/CEO, Subsidiary/Director

                  Rene R. Joyce

                  Chairman of the Board/Chairman of the Board, Subsidiary/Director

                  Mr. Matthew J. Meloy

                  CFO/CFO, Subsidiary/Senior VP/Senior VP, Subsidiary/Treasurer/Treasurer, Subsidiary

                  Roy E. Johnson

                  Executive VP/Executive VP, Subsidiary

                  Paul W. Chung

                  Executive VP/Executive VP, Subsidiary/General Counsel/General Counsel, Subsidiary/Secretary/Secretary, Subsidiary

                  • Targa Resources Corp

                  • 1000 Louisiana Street

                  • Houston, TX 77002

                  • USA.Map

                  • Phone: +1 713 584-1000

                  • Fax: +1 713 584-1100

                  • targaresources.com

                  Incorporated

                  2005

                  Employees

                  1,277

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